Mexican restaurants have suffered due to consumer spending cutbacks and oversaturation. No specific reason is hurting Mexican chains more than others. Experts believe this is part of a larger issue affecting the industry. Despite some positive numbers, El Burro Loco filed for Chapter 11 bankruptcy protection. It had a strong reputation and loyal following in Central Florida. The chain received positive reviews on Yelp for its flavorful food and friendly service. El Burro Loco filed for bankruptcy in Florida Middle District Court, seeking to reorganize under bankruptcy protection. Source: Inforuptcy.

Read more at Yahoo Finance: Another Mexican restaurant chain files Chapter 11 bankruptcy